BitSong

Blockchain Music Streaming

BitSong is a project dedicated to musicians and listeners and will generate profit for the artist and the users who listens to their songs while creating a money saving opportunity for advertisers.
On the BitSong platform you will be able to produce songs in which an advertiser can attach advertisements and users can access from any device. For each advertisement listened, the artist and the listener will get up to 90% of the profits invested by the advertiser
The user will be paid for the "User Attention", the producer will receive earnings in real time, the advertiser will be able to optimize the campaign after viewing the reports.

About BitSong

BitSong is a new platform, that will be built using the Ethereum blockchain and the IPFS distributed file system.

The focus of the developers is one near to their heart. It is a project dedicated to musicians and attempts to solve a major problem for emerging artists. Through Bitsong, musicians will have the opportunity of producing their own songs and listeners will enjoy and hear new content from any device they own.

Additionally musicians may also receive donations from fans that could contribute to their next album. Advertisements will be upload by the Advertiser and each time an advertisement is listened to, the artist and the listener will receive 90% of the profits from the Advertiser.

BitSong will provide the user with the possibility of using the platform in a number of ways from, free streaming, to requests for donations, payments and the insertion of advertising sponsors.

The project aims to overcome the bureaucratic and economic obstacles within this industry and reward artists and users for simply using the platform. The Bitsong platform is unique both in the details and additional services it offers.

It differentiates itself from other music streaming platforms by assisting to finance music and video artists and gifting tokens to its users, from music/video enthusiasts to those for commercial activities).

Whitepaper

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more

Good dedicated and numerous team. Excellent advisors. The WP could be more enriched with data. As far as I know they have MVP already? Should be attached here. I will revisit the rating later to double check the promised improvements

Bitsong is good idea for music industry. Unfortunately the industry is very crowded and very high profile competitors. Team is good but there is no proper vision to execute the plans. Also, they will have difficulty to get more adoption on platform. They will have to spend a lot of money in marketing. Best of luck team.

The issue they are tackling is something that has pervaded the music industry for a very long time. I'm excited to see a product release from them and how they can rise up to compare with others hoping to do the same as them. I like how they've also gotten some artist on board and looking forward to more partnerships with other players in the music industry such as song writers/ royalties holders who suffer from improper dissemination of funds as well

Bitsong is looking promising idea for me. Yes, it will be great to decentralized music industry. That's why for vision - 5 scrore. Team is also good one with big music background. That's why I gave 4 rating for a team. Also I like that ICO is based in Malta which is good point for investors.

BitSong is a music streaming platform built on the Ethereum blockchain using the InterPlanetary File System (IPFS), which is a peer-to-peer hypermedia protocol.

While using BitSong there will be benefits for both musicians and music listeners. The latter will have new music to find and can immediately earn money as well by playing songs.

According to Bitsong musicians will no longer need a record label to be able to get their music on the market. With BitSong they have the ability to immediately reeive payments, they will get revenues from additional advertising and they will be able to (re)sell songs and use them on social media channels.

The team has a good background in the music industry, but I feel that their experience in the blockchain space is rather lacking, additonally they do not have any links to advisors or (major) partnerships. However, according to the team they have "over 30 internationally renowned artists who are supporters for BitSong". But, it might be me, I have never heard of any of the artists listed on their site currently. Are they really that "renowned" or am I just lacking artist knowledge? How are you going to get the bigger artists to your platform?

According to the whitepaper the team has decided to create an active community within BitSong with an airdrop, but there is not much activity in their Telegram besides the usual when airdrop distribution questions - even though the group has 45k participants. The numbers of tokens available for the market are a bit off when comparing the available data, 50% is up for sale (from the total issuance of 1B). In the WP it is stated that 20M+15M+10M+5M+473,78M tokens are available for the ICO, which is a total of 525M.

The team is planning on launching their first Alpha version of BitSong in Q1/Q2 2019 and final stabilization of the platform anywhere between Q3 2019 to Q4 2020. This is really stretched and a lot can happen in the meantime. They are also planning to open an office in Malta and 2 additional locations in Europe, but I cannot find why they want to launch 3 locations in Europe.

Lastly, the team has not described how they plan to market share from solid competitors like Spotify, Deezer, iTunes and more - yes, blockchain is a big deal - but how are you planning to do this? It has been seen time after time that new start-ups were not able to take enough market share from settled competitors. Enough artists would need to 'switch' to BitSong, before I would even consider using it. Sure it is nice to get paid for played songs, but I would not want to use multiple services, because one of them is lacking the music or artists I like listening to.

I have to close that I do believe that BitSong might become the go-to for lesser known and independent artists. So, if you are looking for those, keep BitSong in mind.

As you have well observed we have a good background in the music industry, having been part of it for many years now, this means that we really know what the problems are and how they can be solved.

At the same time, honestly, I do not know how you talk about blockchain experience, when the market itself is very young and has very little experience.
People with more experience, have 2/3 years in the development and operations in blockchain, so, again, what experience do we speak about?

Who says he has a lot of experience in the blockchain or considers himself an expert in the market, or is a scammer or is one who has not understood yet what technology is operating with.

Our CEO Angelo Recca, who is also one of the founders, has been in the blockchain world since 2013 when he discovered Bitcoin and no longer left the industry, continuing as an investor also in the ICO of ETH.

As you can see on our official site, the advisors are not lacking as you say, but we only preferred to do the pre-ICO without, and then engage them for our PUBLIC SALE.

As for our artists, we are proud to have them on board, as supporters of our project even if they are not the likes of Tiesto, Maroon 5 or others of that thickness, but they are still well-known artists worldwide as they tour and concerts all over the world. Always remember the reason why BitSong is born, not only for the great artists, already very famous all over the world, but also for emerging artists, who are having difficulty in emerging, because of an industry that if you do not have the right contacts and the necessary capital, you can have as much talent as you want, they cut your wings the same.

Regarding the activity of which you speak on telegram, we consider that we have enough, being among the few who have decided not to pay for activities on telegram! it is very easy to hire a group of guys who comment from morning to night through various bots, as do 90% of the projects, but where is the sincerity and transparency of that company in this case? Then it becomes all marketing and there is no longer anyone who can be credible!

If you had carefully looked at our whitepaper, it says that the Tokens not sold in the pre-ICO will be put on sale in PUBLIC SALE, this is why you find yourself with 525M and not with 500M.

Another thing you missed is when you said that the stabilization of our platform is Q3 2019 and Q4 2020. So as you can read well on our roadmap by Q4 2019, our platform will be completely stabilized, including the full version of it, while the whole of 2020 will be dedicated to the creation and stabilization of our own Blockchain, including the support related to the licenses.
So times are more than regular, although you are not aware of how difficult it was to find good blockchain developers, as there are no experience, and those who have a bit of experience, are already engaged with very large multinationals . That's why it amazes us when you talk about experience in this area.

We can also assure you that through our artists manager, we are in close contact with many world-renowned artists, who only wait for the formalities in the agreements and the tests we will make with our prototype, which will be ready very shortly.
We do not have to take anything to Spotify or Deezer because 99% of the artists have no exclusivity with them, so they are free to collaborate with whoever they want and with how many record companies they want, so the legend that if others have not succeeded it is no longer credible and nothing can guarantee that we will not succeed in our business.

In addition, listeners will have no reason not to "imigrate" from traditional competitors, or use BitSong alternating with some traditional platform, knowing that they would be allowed to get into the crypto world and earn while listening to music.

Conclude to thank you again for your evaluation, it would have done so much pleasure if you had done it more carefully, but that's fine, we're glad you talk about it.

The team passed KYC and has some experience both in the blockhain and music industry. Lots of competition from big streaming websites and hopefully they can conquer their piece in the industry. Based in Malta is good for potential investors as regulations are clear and crypto-friendly. 50% for sale is OK for industry standards.

Disclaimer: Rating and or commentary provided represents my own personal view and is not to be relied upon as advice. I am not a financial advisor nor am I registered in any jurisdiction with any financial services regulator. I provide no recommendations that any offering should be bought, sold or held. Before making financial decisions please undertake your own due diligence and consult a financial advisor.

I am a music fan and custodian, This Project is based in Malta and most importantly has sought to decentralize the music industry for artists and fans alike and added incentives alongside. Very impressive for aspiring artistes with talents especially in africa. This will eliminate piracy and copyright issues and improve cash flow for the ever hardworking creative artistes. Team composition is okay but would have appreciated few legendary producers to be a part of this revolution and added to the advisory board. Awesome project.

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Milestones

The first official headquarter in Malta was born!
20,000,000 tokens will be on pre-sale to determine the price of the ICO with a 40% bonus.
15,000,000 tokens will be on pre-sale to determine the price of the ICO with a 30% bonus.
10,000,000 tokens will be on pre-sale to determine the price of the ICO with a 20% bonus.

3

June 2018

5,000,000 tokens will be on pre-sale to determine the price of the ICO with a 10% bonus.

4

10th of August 2018 - INITIAL COIN OFFERING

47% of the tokens will be distribuited to solve the capital issue.

5

Q4 2018

Opening of 3 locations in Europe, recruitment of other personnel necessary for the development of the project and launch of the Alpha version of the BitSong platform (including mobile app)

6

Q1 2019

New partnerships in the international arena and the start of the contest dedicated to the artists. New platform features including TV support, artist statistics, users and advertisers.

7

Q3 2019

Stabilization of the platform, new features and start of the creation of our blockchain.

8

2020

The whole year will be dedicated to the creation and stabilization of the blockchain, including the support related to the licenses. Partnership with new car manufacturers and TV stations.